subscribe: Posts | Comments

Where to put your savings in today’s low interest rate economy...

I’ve been waiting to finish this article until the UK’s inflation figures were released. They show the CPI figure for November to be 4.1%, higher than predicted by the majority of economists. This figure is more than double the 2% target that the Bank of England’s Monetary Policy Committee is supposed to aim for, yet the UK’s interest rates are falling rather than rising. (Incidentally, a fall in the rate of inflation doesn’t necessarily mean that prices are falling. That is one possible interpretation, but alternatively it could mean that prices are continuing to rise, just not as quickly as before. Newspaper articles rarely make this distinction, unfortunately.) Of course, the MPC would say that it is targeting...

posted on: Dec 17, 2008 | author: Alex

Gold – is it the only true currency or just another metal?...

Ah, gold. So beloved of microchip manufacturers, Bond villains and high-maintenance women. This shiny, ductile, (almost) chemically inert metal has powers of heat insulation and electrical conductivity and so is often used – albeit in small quantities – in industry. It looks nice on your wedding finger too. But gold is much more than an ingredient in manufacturing and jewelery, of course. It’s also a form of money. Sponsored Link Buy and trade gold online – quickly, safely and at low prices Gold has been used as a store of wealth for many thousands of years. For much of that time it was used as currency and the legacy of that is still with us, with some countries...

posted on: Sep 7, 2007 | author: Alex